Gold Surges 35% Since Last Akshaya Tritiya, Investors Eye Safe Haven Amid Global Uncertainty

NEW DELHI In a remarkable rally, gold prices have surged nearly 35% since last Akshaya Tritiya, driven by global economic uncertainty, geopolitical tensions, and sustained investor interest in safe-haven assets. The precious metal, traditionally considered a symbol of wealth and prosperity, has once again proven its resilience and value during turbulent times.

Gold Prices Climb Amidst Global Headwinds

Over the past year, gold has steadily gained momentum, reflecting its status as a hedge against inflation and currency depreciation. As of April 2025, the price of gold has crossed the $2,400 mark per ounce in international markets and touched ₹70,000 per 10 grams in India.

Financial analysts attribute this rally to a confluence of factors: persistent inflationary pressures in developed economies, volatile equity markets, and continued interest rate speculations by the US Federal Reserve. Central banks worldwide have also increased their gold reserves, further propelling demand.

Domestic Demand Peaks During Akshaya Tritiya

In India, Akshaya Tritiya—a day considered auspicious for buying gold—has seen record sales. Retail jewelers across major cities report a 20-25% increase in demand compared to last year. With higher disposable income and strong cultural affinity, Indian consumers are embracing gold not only as jewelry but also as a long-term investment.

“Gold’s strong performance over the past year has restored investor confidence,” said Arvind Mathur, a commodities analyst based in Mumbai. “It remains a preferred asset, especially in times of global economic flux.”

Experts Forecast Continued Strength

Looking ahead, experts believe gold prices will continue their upward trajectory, especially if global uncertainties persist. With central banks adopting dovish stances and demand from emerging markets remaining robust, gold is likely to maintain its bullish momentum.

Investment advisors recommend diversification into gold, either through physical purchase or gold-backed securities, as part of a balanced portfolio. “The metal’s recent surge underscores its importance in risk mitigation strategies,” noted Shreya Kapoor, a wealth advisor in New Delhi.

As markets brace for a potentially volatile year ahead, gold’s gleam is expected to remain undimmed, reaffirming its legacy as a timeless asset.